In a stunning report released by the United States Government Accountability Office in July 2008, Americans learned that many corporations, including those with assets over $250M, reported no tax liabilities. In fact, from 1998-2005, 72% of foreign-controlled domestic corporations (FCDC's), and 55% of US-controlled corporations (USCC's), reported zero tax liability for at least one of those years.
In total, two-thirds of the corporations doing business in the U.S. paid no taxes from 1998-2005, while collectively reporting $2.5 trillion...
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